Re: Uh... could someone help me with this weird prop bet?
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EDIT:
How about this:
Should we keep doubling our wager until we win our $5k back? If not, why not?
(I know that we shouldn't, but I can't explain to this guy why...)
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Each time you wager any amount of money, your EV is negative as you stated, I hope you know the math to back it up. Each bet is independent so there is nothing there is no logic that says "since I lose the last x bets, I'm bound to win this one". They're independent events so just because you happen to lose the past few you're still a 17/36 dog (assuming 36 spots, 0, and 00, on roulette wheel) to win.
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